XRP, Ripple price down despite the launch of xRapid. New uncertainty in the trend of the XRP cryptocurrency.
Rippleonce again ends up on the swing. There XRP cryptocurrency, to which the project is attributable, in fact experienced a spike in prices after rumors that insisted that some banking and financial companies could have used XRP to transfer cash from one country to another thanks to the new xRapid service.
A peak of Ripple quotations which also happened just as the other cryptocurrencies were losing more ground but ... which in fact did not last long.
The positive sentiment seems in fact to have eased for a few hours, with the price of XRP that has fallen again, thus nullifying the benefits linked to the launch of its product, xRapid, which should allow for almost instantaneous international transactions.
MercuryFX and Cuallix
Ripple's partnership with currency specialists MercuryFX, the Cuallix financial institution and the cooperative financial company Catalyst Corporate Credit Union was also announced by Ripple CEO Brad Garlinghouse, a few days ago, at the Ripple Swell conference in San Francisco.
Among the main details provided, the fact that xRapid works by connecting different currencies around the world, allowing payment providers and banks to handle cross-border transactions faster than ever. This led Garlinghouse to predict that by the end of 2019 there will be "dozens" of banks that will use xRapid.
